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GIC buys stake in UK roadside rescue business from Carlyle

They'll co-own majority stake in RAC, Britain's No 2 rescue firm
Friday, September 26, 2014 - 00:00

[SINGAPORE] Singapore's sovereign wealth fund GIC is buying a stake in the UK's second largest roadside rescue business RAC from Washington-based private equity firm Carlyle Group, which will result in both co-owning a majority stake in the firm. The deal, expected to be done by year-end, also

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